Otis Worldwide/OTIS

$96.72

-0.87%
-
1D1W1MYTD1YMAX

About Otis Worldwide

Otis Worldwide Corporation is an elevator and escalator manufacturing, installation and service company. The Company’s segments include New Equipment and Service. The New Equipment segment designs, manufactures, sell and installs a range of passenger and freight elevators, and escalators and moving walkways for residential, commercial and infrastructure projects. Its elevator and escalator solutions include Gen2, Gen3, Gen360 and SkyRise. Through its Service segment, it performs maintenance and repair services, and modernization services to upgrade elevators and escalators. Through its network of service sales personnel, it sells its services directly to customers in all significant elevator and escalator verticals around the world. It serves customers in over 200 countries and territories around the world. The SkyRise advanced elevator platform combines cutting-edge technologies and precision engineering to deliver solutions for residential, commercial and mixed-use skyscrapers.

Ticker

OTIS

Sector

Industrials

Trading on

NYSE

Industry

Misc. Capital Goods

CEO

Judith Marks

Employees

71,000

Headquarters

Farmington, United States

Otis Worldwide Metrics

BasicAdvanced
$39B
Market cap
28.17
P/E ratio
$3.46
EPS
0.93
Beta
$1.36
Dividend rate
1.6%
Dividend yield
$39B
0.93385
$100.35
$73.32
1.9M
$1.36
0.972
0.878
39.01%
45.248
14.28%
15.48%
50.1%
28.17
2.759
48.168
1.39%
1.6%
5.02%
14.43%
3.66%
17.61%
29.73%

What the Analysts think about Otis Worldwide

Analyst Ratings

Majority rating from 16 analysts.
Hold

Price Targets

Average projection from 11 analysts.
0.89% upside
High $110.00
Low $82.00
$96.72
Current price
$97.58
Average price target

Otis Worldwide Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
10.27% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$3.4B
-5.06%
Net income
$353M
9.29%
Profit margin
10.27%
15.13%

Otis Worldwide Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 1.1%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.92
$0.95
$0.87
$0.88
-
Expected
$0.86
$0.87
$0.86
$0.87
$1.02
Surprise
6.82%
8.82%
1.55%
1.1%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Otis Worldwide stock?

Otis Worldwide (OTIS) has a market cap of $39B as of May 28, 2024.

What is the P/E ratio for Otis Worldwide stock?

The price to earnings (P/E) ratio for Otis Worldwide (OTIS) stock is 28.17 as of May 28, 2024.

Does Otis Worldwide stock pay dividends?

Yes, the Otis Worldwide (OTIS) stock pays dividends to shareholders. As of May 28, 2024, the dividend rate is $1.36 and the yield is 1.6%. Otis Worldwide has a payout ratio of 39.01% on a trailing twelve-month basis.

When is the next Otis Worldwide dividend payment date?

The next Otis Worldwide (OTIS) dividend payment is scheduled for June 07, 2024.

What is the beta indicator for Otis Worldwide?

Otis Worldwide (OTIS) has a beta rating of 0.93. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Otis Worldwide stock price target?

The target price for Otis Worldwide (OTIS) stock is $97.58, which is 0.89% above the current price of $96.72. This is an average based on projections from 11 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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